I have known about this for several days. The organiser sounds to be competent, but he has had a website domain and email address for nearly 3 years without actually using them. I refer you to http://www.aida-luxor.com .
And he has admitted that the ticket prices are likely to be higher than the Cairo ones ($120 to $500).
In my opinion, anyone spending that sort of money will want to stay in a 5 or 6 star hotel, or maybe on the best of the boats.
I will be suggesting to Mohamed, the next time that I see him, that he make an early bid to accommodate the cast and security police. He won't have many guests in DJ, bow tie ... , but can at least fill the hotel if the price is right.
Here is the first promotional picture: not very high quality in my opinion!